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As it happened: ASX closes 0.5% lower on materials, bank weakness – The Sydney Morning Herald

The S&P/ASX 200 closed 0.5% lower on Wednesday, shedding 31.9 points to 6795. The communications and information technology sectors outperformed.



The Australian sharemarket fell on Wednesday as investors braced for a crucial meeting of the US Federal Reserve, and news of whether the central bank sees interest rates rising earlier than previously indicated.
The major miners and big four banks sagged as the ASX 200 shed 31.9 points, or 0.5 per cent, to close at 6795.2, backing away from a three-week high.
The ASX200 fell 0.5 per cent on Wednesday.Credit:Louie Douvis
Energy and property stocks also retreated, while CSL, Woolworths, and Amcor…

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